Hyundai Motor India Limited Earnings Summary — Q4 FY2026

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“Hyundai Motor India Limited
Q4 & FY’26 Earnings Conference Call”
May 08, 2026

MANAGEMENT : MR. TARUN GARG – MANAGING DIRECTOR AND CHIEF
EXECUTIVE OFFICER, HYUNDAI MOTOR INDIA
LIMITED
MR. WANGDO HUR – CHIEF FINANCIAL OFFICER,
HYUNDAI MOTOR INDIA LIMITED
MR. GOPALAKRISHNAN CS –CHIEF MANUFACTURING
OFFICER, HYUNDAI MOTOR INDIA LIMITED
MR. SARAVANAN T – FUNCTION HEAD, FINANCE,
HYUNDAI MOTOR INDIA LIMITED
MR. K. S. HARIHARAN – HEAD, INVESTOR RELATIONS,
HYUNDAI MOTOR INDIA LIMITED

M ODERATOR : MR. CHIRAG JAIN – EMKAY GLOBAL FINANCIAL
SERVICES

This document is protected as Hyundai Motor's intellectual property under relevant laws and
regulations.

* * *

Moderator: Ladies and gentlemen, good day and welcome to Q4 and FY’26 Earnings Conference Call of
Hyundai Motor India Limited. As a reminder, all participant lines will be in the listen-only mode
and there will be an opportunity for you to ask questions after the presentation concludes. Should
you need assistance during this conference call, please signal an operator by pressing (\*) and
then “0” on your touchtone phone. Please note that this conference is being recorded. I now hand
the conference over to Mr. Chirag Jain from Emkay Global Financial Services. Thank you, and
over to you.

Chirag Jain:

Thank you. Good afternoon and we welcome you all to the Q4 and FY’26 Earnings Conference
Call of Hyundai Motor India Limited. Today, we have with us Mr. Tarun Garg, Managing
Director and Chief Executive Officer; Mr. Wangdo Hur, Chief Financial Officer; Mr.
Gopalakrishnan C.S., Chief Manufacturing Officer; Mr. Saravanan T., Function Head, Finance;
and Mr. K.S. Hariharan, Head of Investor Relations from Hyundai Motor India Limited. I would
like to inform you that the call is being recorded. I would now like to invite Mr. K.S. Hariharan,
Head of Investor Relations from Hyundai Motor India Limited. Over to you, Hari.

K. S. Hariharan:

Thank you, Chirag. Good evening, everyone. Welcome to the Q4 & FY26 Earnings conference
call.

Before we begin, I want to remind you of the safe harbour. We may be making some forwardlooking statements, that have to be understood, in conjunction with the uncertainties and the
risks that the company faces. The conference call will begin with our MD & CEO remarks on
the overall business in FY26 and outlook for FY27, followed by a brief presentation by me on
Q4 and FY26 performance, after which we will be happy to receive your questions. Now, I hand
over to our MD & CEO, Mr. Tarun Garg, over to you sir.

Tarun Garg:

For us, this 30-year milestone is not just a corporate achievement. It is a shared story of trust,
pride and progress. Thirty years strong and the bond between Hyundai and its customers is only
getting deeper.

As you know, fiscal '26 marked a year of two distinct phases for the Indian automobile industry,
driven by a shift in policy and demand dynamics. The first half remained largely underwhelming,
primarily due to muted customer sentiments. However, the landscape shifted meaningfully in
the second half following the GST rate rationalization in September, which acted as a strong
catalyst for recovery.

In fiscal '26, we have further strengthened this legacy by laying a solid foundation for our next
phase of progression, underpinned by the commencement of our third manufacturing facility and
a pipeline of robust product launches. Together, these strategic initiatives position us strongly to
usher in the next era of Hyundai's growth in India.

This document is protected as Hyundai Motor's intellectual property under relevant laws and
regulations.

* * *

This shift coincided well with the commissioning of our new plant and product launch cycle
kicking in. Together, this created strong leverage and allowed us to respond to the improving
demand environment, supporting a steady acceleration in growth in the latter half of the year.

Furthermore, this sustained momentum culminated in a strong Q4 fiscal '26 with our domestic
volumes wit

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